"Obamacare's Financial Unraveling; Predictable and Predicted"

Started Oct 9, 2013 | Discussions thread
vadimraskin
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Re: "Obamacare's Financial Unraveling; Predictable and Predicted"
In reply to rb59020, Oct 9, 2013

rb59020 wrote:

Just to irritate some people around here I will repost this link and table by the CBO. As you can see, the CBO ran the numbers twice, once in February 2013 then again in May 2013. When they re-ran their numbers in May 2013 (3 months later), and tweaked the numbers, the projections went up by 40 billion. I wonder how high it would be up to now?

CBO

Voodoo accounting?

Just to annoy some people here, here is an estimate of the cost of repeal of ACA provided by CBO:

Assuming that H.R. 6079 is enacted near the beginning of fiscal year 2013, CBO and JCT estimate that, on balance, the direct spending and revenue effects of enacting that legislation would cause a net increase in federal budget deficits of $109 billion over the 2013–2022 period. Specifically, we estimate that H.R. 6079 would reduce direct spending by $890 billion and reduce revenues by $1 trillion between 2013 and 2022, thus adding $109 billion to federal budget deficits over that period.

Will Tea Party agree to reimburse American taxpayers a petty sum of $109 Billion? The members can chose between dishes or floors

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